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Also known as: C/O ERIK TROAN
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Troan Foundation Inc. is a private corporation based in RALEIGH, NC. The foundation received its IRS ruling in 2000. The principal officer is Erik Troan. It holds total assets of $1.9M. Annual income is reported at $520K. The foundation is governed by 3 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2015 to 2023. Funding is distributed across 4 states, including North Carolina, South Carolina, New York. According to available records, Troan Foundation Inc. has made 28 grants totaling $502K, with a median grant of $10K. Annual giving has grown from $98K in 2020 to $277K in 2022. Individual grants have ranged from $300 to $63K, with an average award of $18K. The foundation has supported 13 unique organizations. The foundation primarily supports organizations in North Carolina, Texas, South Carolina, which account for 93% of all grants. Grantmaking reaches organizations across 5 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$300
Median Grant
$10K
Average Grant
$12K
Largest Grant
$29K
Based on 8 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Troan Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 28 grants. Its grantmaking reaches organizations primarily in NC, TX, SC.
Troan Foundation Inc. has distributed a total of $502K across 28 grants. The median grant size is $10K, with an average of $18K. Individual grants have ranged from $300 to $63K.
Troan Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Troan Foundation Inc. is headquartered in RALEIGH, NC. While based in NC, the foundation distributes grants to organizations across 5 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Brigid V Troan | SECRETARY & TREASURER | $0 | $0 | N/A |
| Erik W Troan | CHAIRMAN & PRESIDENT | $0 | $0 | N/A |
| Barbara Troan | DIRECTOR | $0 | $0 | N/A |
Total Giving
$148K
Total Assets
$1.8M
Fair Market Value
$2.8M
Net Worth
$1.8M
Grants Paid
$131K
Contributions
N/A
Net Investment Income
$69K
Distribution Amount
$127K
Total: $1.8M
Total Grants
28
Total Giving
$502K
Average Grant
$18K
Median Grant
$10K
Unique Recipients
13
Most Common Grant
$20K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Nc State Engineering FoundationEDUCATIONAL SERVICES AND SCHOOLS | Raleigh, NC | $63K | 2022 |
| Ncssm FoundationSUPPORT OF ACADEMIC AND EDUCATIONAL PROGRAMS | Durham, NC | $20K | 2022 |
| Wells International FoundationEDUCATIONAL SERVICES | Houston, TX | $20K | 2022 |
| Gssm FoundationEDUCATIONAL SERVICES AND SCHOOLS | Columbia, NC | $20K | 2022 |
| Morehead Planetarium And Science CenterEDUCATIONAL SERVICES | Chapel Hill, NC | $10K | 2022 |
| A Place At The TableNONPROFIT CAFE PROVIDING FOOD FOR THE HUNGRY | Raleigh, NC | $5K | 2022 |
| Code The DreamEDUCATIONAL SERVICES | Durham, NC | $1K | 2022 |
| Southern Coalition For Social JusticeLEGAL SERVICES FOR DISADVANTAGED | Durham, NC | $10K | 2021 |
| Food Bank Of Central & Eastern North CarolinaFOOD BANKS AND FOOD PANTRIES FOR FAMILIES STRUGGLING WITH HUNGER | Raleigh, NC | $5K | 2021 |
| Naacp Legal Defense FundLEGAL ORGANIZATION FIGHTING FOR RACIAL JUSTICE | New York, NY | $10K | 2020 |
| Morehead PlanetariumEDUCATION AND INSPIRATION FOR THE NEXT GENERATION OF SCIENTISTS | Chapel Hill, NC | $10K | 2020 |
| Revitalize Black ChicagoSUPPORTING UNDERSERVED COMMUNITIES | Aurora, IL | $5K | 2020 |
| Nc Zoo SocietySUPPORTING ZOO PROGRAMS | Asheboro, NC | $300 | 2020 |